Good morning everyone I’ve been looking to buy my first property and it’s a destroyed shortsale house.

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

I tell them I have had a very bad experience with section 8 tenants destroying my properties, and let them know right away there will be monthly inspections.  

Again, consensus seemed to be an ability to think about investing, retirement accounts, going to get education, and similar.Truth be told it was motivating for me because when people believe they have something to work towards they are less likely to take silly risks like destroying an apartment or not paying bills. 

People jump off buildings when they have such ego-destroying setbacks!

The first replacement I interviewed and hired to manage the property, including make the property rentable after the problem tenant "destroyed" it.

Of course, when the tenants vacated the homes they were renting the homes were destroyed inside and their security deposit and cleaning fees would not have covered 10% of the damage, but we got them out quick, cleaned the places up and got them sold at lightning speed, or is warp speed faster.

If it is less that 10% of your investable capital and you would not be destroyed if you lost your entire investment then it might make sense.

Our worst deal right now has experienced a major fire (destroyed 24 units), has had above average staff turnover (3 managers in a year), is in not the best part of town and is still returning a 4.5% annualized cash on cash.

Your chances of having the bank call the loan due it as likely as your home getting destroyed by a natural disaster, but in my opinion it's a risk worth taking.